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Crops

China Faces 2010-11 Corn Deficit Of Up To Seven Million Tonnes

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China could face a corn shorfall of up to seven million tonnes this year, a leading industry analyst said Oct. 21, after sharply cutting his estimate of the coming year’s harvest. Purchases by the world’s second- largest corn consumer of as much as 1.3 millions tonnes this year, its biggest imports in 15 years, have
Crops

Higher Hemp Yields Make Farmers Happy

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Canada’s hemp crop came off in reasonably good shape this year, despite some problems with excessive moisture earlier in the growing season. The crop is grown across Canada, but the majority of the acres are in Manitoba and Saskatchewan. Anndrea Hermann, who works for Hemp Oil Canada, a Manitoba-based hempseed processor, and is vice-president of
Crops, Oilseeds

Deadline Extended For Harvest Samples

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Due to this year’s delayed harvest, the Canadian Grain Commission is extending its deadline for the Harvest Sample Program to Dec. 1, from Nov. 1. “This year, the weather was a challenge for producers across Canada. An extra four weeks gives producers time to send their samples and get a free grade despite a late
Crops, Oilseeds

Dow AgroSciences Touts Profit Potential Of Nexera Hybrids

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Nexera canola varieties are a good deal for farmers and will only get better, according to Dow AgroSciences. Nexera canola is known for its highly stable oil, which has a long shelf life and therefore doesn’t have to be hydrogenated, a process which creates trans fats. But the knock has always been that Nexera varieties
Crops, Oilseeds

Soybeans Fighting Canola To Get Markets Back

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Soybeans are fighting back. Soybean oil is still the most consumed vegetable oil in North America, but it’s been losing ground to canola, which is regarded as the healthiest vegetable oil because it contains just seven per cent saturated fat. Part of canola’s gains have resulted from the development of high-stability, omega-9 oil. It has
Cereals, Crops, Oilseeds

Farmers Welcome Canola Crush Expansion

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Bunge’s plan to more than double the capacity of its canola-crushing plant at Altona to 2,500 tonnes a day is good news for farmers, but it also means they’ll have to grow more canola. “We’re always glad to see investment in the canola crush because it creates demand and more demand must mean they are
Cereals, Crops, Grain Markets, Oilseeds

Wheat Prices Seen Rising Further As Fall Seedings Decline

Canola futures on the ICE Futures Canada trading platform strengthened during the week ended Oct. 15, with much of the upward price momentum encouraged by the gains experienced by CBOT (Chicago Board of Trade) soybean futures as well as by the aggressive demand from the Canadian canola-processing industry. Fresh speculative demand surfaced during the week,
Cereals, Crops, Grain Markets

Russia Grain Crop Down 33.2 Per Cent

MOSCOW/REUTERS Drought-devastated Russia harvested 60.96 million tonnes of grain by bunker weight as of Oct. 5, down 33.2 per cent from a year ago, according to Agriculture Ministry data seen by Reuters Oct. 11. Russia’s worst drought in more than a century sparked a rally in global grain markets, pushing wheat prices to their highest
Cereals, Crops, Grain Markets, Oilseeds

Farmer Hedges Follow Canola Upward

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The roller-coaster ICE Futures Canada canola market climbed to some very high levels during the week ended Oct. 8, hitting the elusive $500-per-tonne level for the first time in many months at one point Friday before backing away as harvest pressure and profit-taking came forward. The gains were largely a knee-jerk speculative reaction to some
Cereals, Crops, Oilseeds

Production Down: No Surprise

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Grain and oilseed production estimates in the latest crop production survey from Statistics Canada for the period ended Sept. 9 held few surprises, according to industry sources. “Some of the production estimates were a bit smaller than had been anticipated, and that was the only real surprise,” said Ron Frost with Agri-Trend Marketing Inc. and

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